27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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"We expect these currency headwinds to reduce in 2H16 and more materially in early 2017, making underlying business performance more evident, particularly the strength of its Mexican operations," analyst Rohith Chandra-Rajan wrote in a note.
"If there is effective stimulus in the US then this could further boost the performance of BBVA's operations in the US and Mexico," the analyst continued.
In addition, the analyst sees a modest improvement in RoTE and expects a 10-
11 percent RoTE in 2016E-2019 driven by growth in the Mexican business and near-term improvements in domestic credit quality offsetting margin pressure.
Meanwhile, the analyst highlighted Spain elections, Brexit impact and Turkey political situation as key risks.
At time of writing, ADRs of Banco Bilbao were down 1.34 percent at $6.28.
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This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.